Institute for OneWorld Health - A Nonprofit Pharmaceutical Company

Institute for OneWorld Health - A Nonprofit Pharmaceutical Company

"Victoria Hale: Nonprofit Drugs For The Poor
By Jessi Hempel, Businessweek, May 9, 2005

Victoria Hale scours the globe for promising drugs that universities and drugmakers have discarded because they see little profit in developing them. "You just can't build a good business market for some diseases," she notes.

But Hale, 44, doesn't worry about markets. She runs OneWorld Health, the world's only nonprofit pharmaceutical company to market drugs to the developing world. Five years after launching OneWorld, Hale is completing trials for its first drug, an antibiotic for patients who contract deadly black fever from sandfly bites -- nearly 1.5 million of the world's poor each year.

Now, with $46 million from the Bill & Melinda Gates Foundation, the San Francisco group is helping to develop a malaria drug that will sell for less than a dollar a dose. With three promising drugs in the pipeline, Hale hopes that OneWorld will soon be able to pay its own way."

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